Key Shareholder Seeks Ouster of Cordiant Leaders

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NEW YORK Active Value, the shareholder fund that owns 14.1 percent of struggling British holding company Cordiant Comm-
unications Group, said it seeks to oust top management after it was revealed that some senior executives recently renegotiated their employment contracts for big payoffs if they sell the company.

“We have a great concern that shareholder concerns are not being taken into consideration,” said Brian Myerson, who runs London-based Active Value with Julian Treger.

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